By Adriano Marchese
Shares in Toronto continued their rise midday on Friday with the S&P/TSX Composite Index gaining 165.78 points in the session. Producer manufacturing and non-energy minerals were the day's gainers, while commercial services and tech stocks were the losers. Imperial Oil Ltd. shares rose after the company said that it plans to accelerate its share purchases under normal course issuer bid.
Canada's S&P/TSX Composite Index was up 0.77% at 21747.76 and the blue-chip S&P/TSX 60 was up 0.90% at 1307.92.
Imperial Oil Ltd. shares were up 4.5% at C$44.58 after it announced plans to accelerate its share purchases under its normal course issuer to repurchase the remainder of the maximum number of shares allowed by the end of January of next year, which would be up to 23.6 million.
Other market movers:
Air Canada shares were down 0.9% to C$25.59 after it said has a preliminary agreement with its unions to repurpose and sell about 17.6 million shares originally issued in a trust over a 15-year period and distribute the proceeds to pensioners.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
11-12-21 1213ET
